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20130219
20130219
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're looking around in the 5% range here pb that will be healthy, 5% to 10%. >> how about you, rich? do you agree or do you have a different number? >> i think we're getting close to full value. earnings are coming in better than expected. two-thirds of companies reported sales. and i don't think this is the 2000 period where everybody is talking about stocks, joe. if we get past the sequester issues with sdwb either with a little bit of a pullback, not the 5% to 10% that the other guest is looking for, the markets are going to have to work higher. there's no other place to put your money right now. the 2% ten-year note doesn't have the competition when the s&p is yielding 2%. so we're still very constructive. and if earnings continue to come in better, we're going to have to raise our target. even though we may be a value in the short run, i still think stocks are the place to be and it's not a frothy market at all. >> because it's hard to get a return anywhere else. but, rich, what is your viewpoint on gdp this year? >> we're at roughly between 1.5% and 2%. >> and you don't think the mark
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